When are pensions paid in July? CaixaBank, Santander, ING, BBVA, and other banks are paying out.

The end of the month is approaching and therefore, just as workers collect their paychecks , it is also time for pensioners to collect their pensions .

According to the latest data from the Ministry of Inclusion, Social Security, and Migration, during the month of April, the INSS paid more than 10.1 million pensions in the June payroll.

Last month, the average retirement pension from the General System was €1,505.9 per month , a very similar amount to the €1,505 received in May. This week, July pensions are due to be paid.

As indicated by Social Security in accordance with its regulations, pensions from any of the regimes that make up the Social Security system are accrued in monthly installments and are paid in 14 payments .

The rule dictates that the payment date will be the first business day of the month in which the payment is made (month in arrears) and always before the fourth calendar day of the month. This means that payments should be made between the 1st and 4th of each month . However, since banks already have all the information, they usually advance the payment date and are most commonly made between the 22nd and 26th of each month .

It should be noted that these are approximate dates, especially since July 25 is a national holiday in honor of the Apostle Santiago .